Highlights
  • ZoomInfo posted a year-on-year increment of 13% in GAAP revenue in FY23.
  • The firm’s net profit surged by 69.78% in FY23 compared to FY22.
  • For FY24, the company anticipates GAAP revenue in the range of US$1.26 billion and US$ 1.28 billion.

ZoomInfo Technologies Inc. (NASDAQ: ZI), based in the US, offers a go-to market intelligence platform. It helps businesses to find, acquire and grow customers through its cloud-based platform. Recently, the company has launched ZoomInfo Copilot. It is an AI-driven solution that employs go-to market data and helps in boosting sales effectiveness. The company has a market capitalization of US$5.98 billion.

Insights of FY23

In FY23, the company reported an operating margin of 33.6% versus the industry median of 4.3%. Similarly, Return on Equity (ROE) was 4.9% compared to industry median of 2.5%. The company’s GAAP revenue throughout 2023 recorded a year on year (YoY) increment of 13%. Other highlights of FY23 are depicted in the picture below:

For FY24, the company expects GAAP revenue in the range of US$1.26 and US$ 1.28 billion. Similarly, it anticipates non-GAAP adjusted operating income within the range of US$492-US$502 million.

Top 10 shareholders

The company has a concentrated shareholding where ~54.52% of the total shares are owned by top 10 shareholders. The Carlyle Group and The Vanguard Group, Inc. are the largest investors, possessing maximum shares in the company, with approximately 9.33% and 8.80% stakes, respectively.

Stock performance

In the past three months, the stock has shown a correction of 2.76% whereas, it has dropped by around 41% in the past nine months. The stock is trending closer to the lower end of its 52-week range of US$ 12.36-US$ 30.16.

Note 1: Past performance is not a reliable indicator of future performance.

Note 2: The reference data for all price data, currency, technical indicators, support, and resistance levels is 08 April 2024. The reference data in this report has been partly sourced from EODHD/Others.